Westende Construct
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €164,405, larger than the loss of €61,203 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Financial fixed assets | €10,000 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €26,499 | €150,378 | ▲ 467% |
| Gross operating margin9900 | -€34,704 | -€14,027 | ▲ 59.6% |
| Operating profit (loss)9901 | -€61,203 | -€164,405 | ▼ 169% |
| Financial income75/76B | €16,281 | €49,927 | ▲ 207% |
| Recurring financial income75 | €16,281 | €49,927 | ▲ 207% |
| Financial charges65/66B | €99,112 | €87,483 | ▼ 11.7% |
| Recurring financial charges65 | €99,112 | €87,483 | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | -€144,034 | -€201,961 | ▼ 40.2% |
| Profit (loss) for the period9904 | -€144,034 | -€201,961 | ▼ 40.2% |
| Profit (loss) for the period to be appropriated9905 | -€144,034 | -€201,961 | ▼ 40.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.9m | €7.0m | ▲ 259% |
| Fixed assets21/28 | €0.01m | €0.01m | = |
| Financial fixed assets28 | €0.01m | €0.01m | = |
| Current assets29/58 | €1.9m | €6.9m | ▲ 261% |
| Stocks and contracts in progress3 | €1.2m | €4.1m | ▲ 234% |
| Stocks30/36 | €1.2m | €4.1m | ▲ 234% |
| Amounts receivable within one year40/41 | €0.03m | €0.1m | ▲ 197% |
| Trade receivables40 | €0.02m | €0.1m | ▲ 323% |
| Other amounts receivable41 | €0.01m | - | - |
| Cash at bank and in hand54/58 | €0.07m | €1.8m | ▲ 25× |
| Deferred charges and accrued income490/1 | €0.6m | €0.9m | ▲ 50.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.9m | €7.0m | ▲ 259% |
| Equity10/15 | -€0.1m | -€0.3m | ▼ 177% |
| Contributions10/11 | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.3m | ▼ 140% |
| Amounts payable17/49 | €2.0m | €7.3m | ▲ 255% |
| Amounts payable after more than one year17 | €0.9m | €1.2m | ▲ 37.6% |
| Other amounts payable178/9 | €0.9m | €1.2m | ▲ 37.6% |
| Amounts payable within one year42/48 | €1.2m | €6.0m | ▲ 423% |
| Trade debts44 | €0.2m | €0.1m | ▼ 24.5% |
| Suppliers440/4 | €0.2m | €0.1m | ▼ 24.5% |
| Advances received on contracts in progress46 | €1.0m | €5.7m | ▲ 492% |
| Taxes, remuneration and social security45 | €0.002m | €0.2m | ▲ 91× |
| Taxes450/3 | €0.002m | €0.2m | ▲ 91× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.2m | ▼ 40.2% |
| Operating cash flow (approximation) | -€0.1m | -€0.2m | ▼ 40.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €1.8m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 473 companies had the same profile as Westende Construct has now. Two years later, 95.3% were still going and 1.5% had gone bankrupt.
- Medium-sized
- negative equity
- a small loss
- without age
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Westende Construct itself is lower: 0.1% within 12 months. It rests on far more data about Westende Construct than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 473 companies, not a prediction for Westende Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.